[jedberg]

He got a pretty typical comp package but he happened to get in right before COIN stock took off, which made it astronomical.

It's like the folks who joined Amazon a few years ago as Staff engineers. Their original comp packages were valued at $200k-$300k per year, but then the stock took off, and they ended up with $1M+ per year. They started with a typical package that was stock heavy and got lucky.

Interestingly the people getting in now are getting screwed for the same reason -- with the stock dropping, their comp package is getting cut in half.

[jahewson]

I don’t think it makes sense to compare options with RSUs. The former is worthless in a company that doesn’t grow and it’s necessary to stay with the company until IPO. It’s a huge risk. The latter is closer to cash, bubbles notwithstanding.

The people getting in now aren’t screwed, they can just ask for refreshers. But the previous batch certainly got an unexpected windfall.